U.S.-Nigerian telecom tycoon Sam Darwish loses $32 million in 3 weeks
Despite the sustained decline in the market value of his stake, Darwish remains one of the top players in the global telecom industry.
African Billionaires
Hotel building owned by Nigerian oil magnate Gabriel Ogbechie collapses
The hotel, valued at several millions of dollars, is located directly across from Delta Mall Asaba.
5 businesses owned by Steve Harvey
Through his VC firm, Harvey Ventures, Harvey has invested in over a dozen companies, including Coinbase, Stripe, and Airbnb.
Coco Gauff surpasses $11.1 million in career earnings five years after turning pro
Gauff, who made her professional debut at the tender age of 15, has set records and rewritten the narrative of success in the sport.
Morocco’s king donates $98 million to earthquake victims
Morocco’s King Mohammed VI controls Al Mada, his royal family office which owns 49.59 percent of Attijariwafa, a Moroccan multinational bank.
South African billionaire Patrice Motsepe’s ARC Investments increases portfolio value
Motsepe, South Africa’s richest black person, owns a 27-percent stake in African Rainbow Capital Investments.
Nigeria’s richest banker Jim Ovia to pocket $3.2 million Zenith Bank dividend
Ovia is recognized as Nigeria’s richest banker and a top figure in Africa’s financial services industry.
Egyptian billionaire Ghabbour family suffers $26-million loss
Despite the recent downturn, the Ghabbour family remains one of the richest investors on the Egyptian stock exchange.
Nigerian billionaire Olugbenga Agboola’s Flutterwave to invest $50-million in Kenya
Flutterwave CEO and Co-Founder, Olugbenga Agboola disclosed this strategic move in a recent media interview held in Nairobi.
Namibian tycoon Quinton van Rooyen’s Trustco commences $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in Trustco Group.
South African tycoon Jens Montanana’s stake in Datatec slumps by $3.9 million
Montanana owns a 14.06-percent stake in Datatec.
5 companies owned by Andrew Musangi, CBK board chair nominee
Beyond his impressive career, Musangi wields significant influence in Kenya’s corporate landscape and owns stakes in some companies.
Tunisian tycoon Moncef Sellami gains $10 million as OneTech shares soar
OneTech’s remarkable growth over the years owes much to the vision of its founder, who established the firm in 1978.
Tanzania’s richest man Mohammed Dewji secures land in Rwanda
Dewji is the visionary leader behind MeTL Group, a Tanzanian conglomerate with a diverse portfolio of more than 150 products.
Swazi billionaire Natie Kirsh’s net worth exceeds $7 billion, gaining $330 million
Kirsh’s net worth has surged by $330 million in a span of 39 days, climbing from $6.93 billion on Aug. 6 to a staggering $7.26 billion on Sept. 14.
Gold mine revamp led by South African tycoon Neal Froneman puts 2,970 jobs at risk
Froneman holds a minority 0.3-percent stake in Sibanye-Stillwater, equivalent to 8,382,849 ordinary shares.